New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-01

SAN FRANCISCO. Feb.
MONDAY, Feb. 39-P. ~.


Ono by disturbing influences. rather those
which hesitation and tend restrict dealings at
the Stock Exchange. are being removed Tomorrow
Tuesday, at o'clock the limit deposit OF Phil
adelpha and Reading aud New-York Chicago and st.
Louis securities under the proposed REORGANIZATION
schemes will expire. OF New-York, Chicago and ST.
Louis large majority of all ts bonds and preferred and
stocks have been deposited and assured
that the Reading scheme has met with like
Whether not after Tomorrow denquents In either
both schemes will be permitted TO assent and deposit
their securities with without additional penalty
uniformed But the brain fertility OF the hand
fu of stock operators who working for lower
prices at the Stock Exchange Is something remarkable
No is ghost OF destruction shrouded in black
and laid away TO everlasting rest than another one Ia
constructed and clothed in dazzling white and
SET up in the speculative halls Ever since
January scare has been kept alive about gold
ports and the low condition of the bank meet
such emergency. The idea has been killed dozen
times but 1t brought lfe with facility equal the
exchanging Of new lamp for burnt the in
candescen system Of electric lighting. The foreign
changes today were something worse than being weak ;
but If perclance they should in
ouehah Of o-day's decline tho bugbear OF gold ship
ments (which for the United natural article
OF export proportonately any other OF It's
products) will again raise It's head and destruc
ton to all values. The absorption" OF money by tho
Treasury although tune and again 1t has been shown 10
be a myth compared with the continued coinage OF
100000 silver each mouth. apd the suggestion
that extra session OF Congress may be
necessary. formula ted and repeated from 10
mouth In all the variety OF forms Is possible
which would be likely TO disrust long the
effect OF these desperate efforts affect the value or
curcs results only In dlscouragng speculation there Is
a vast amount Of amusement to the uninterested OBJ
server From December 70 March the whole skill OF
manipulation at the Stock Exchange has been employed
10 make occnrrences-hOth encouraging and uncertain
tell against the value OF securities The result except In
two three instances where gambling took the place Of
speculation, has been practically nothing far fg-
concerned. Dulness and stagnatOn and
brokers' complaints OF Of business have been the
principal features OF the last nvesixths OF the period
OF three months. To days market responds all these
combined efforts TO which added early break Of
10 per IN the price Cotton Seed oil certcaes-a
security something else which the Stock Exchange
governors imagine they do not indorse by chasing
unlisted Listed unlisted 1t has been dealt IN within
the stock Exchange walls TO very large amount and
when It's price suddenly this morning
knew whether IL would stop AZ AIS 10 TO- neither
did any know how limited or how extensive its
effects might be. Naturally the first effect deter
buying OF the best class OF securites When stop
has been put there II OF depess values
and yet the net result OF to-day decline IN the general
IL Ii measured by fractions OF Il TO ~ These
simple facts entitle tho market to be quoted
Government bonds dull and with the bids for
the 81 and As OFF d per cent Annexed the closing
quotations: